Louis G. Milione - President, Invest in America

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WITHDRAWAL SHEET Ronald Reagan Library

Collection Name BLACKWELL, MORTON: FILES Withdrawer RBW 3/21/2011 File Folder INVEST IN AMERICA AWARD, 10/05/1982 (1 OF 4) FOIA F06-0055/07 Box Number 11 POTTER, CLAIRE 14 DOC Doc Type Document Description No of Doc Date Restrictions NO Pages

FORM RE. REQUEST FOR APPOINTMENTS 10/4/1982 86

Freedom of Information Act - [5 U.S.C. 552(b)]

8-1 National security classified information [(b)(1) of the FOIA] 8-2 Release would disclose internal personnel rules and practices of an agency [(b)(2) of the FOIA] 8-3 Release would violate a Federal statute [(b)(3) of the FOIA] 8-4 Release would disclose trade secrets or confidential or financial information [(b)(4) of the FOIA] 8-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(S) of the FOIA] 8-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA] 8-8 Release would disclose information concerning the regulation of financial institutions [(b)(B) of the FOIA] 8-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA]

C. Closed in accordance with restrictions contained in donor's deed of gift. / d INVEST· IN· AMERICA NATIONAI-1 COUNCIL, INC.

ARCHITECTS BUILDING/ 117 SOUTH 17th STREET/ SUITE 906-907 / PHILADELPHIA, PA. 19103 / TELEPHONE 215-568-7311

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Message

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AMPAD EFFICIENCY@ 23-020 THE WHITE HOUSE WASHINGTON . , ~ MARCH 30, 1983

' ,, MEMORANDUM FOR JAYN STANKOWSKI . ,., ' . . ·s·"f•• :-.. " ·.. ·:.. FROM MAISELLE SHORTLEY Could you please send us a black

.: ~ . and white glossy of the following photo:

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.. .• :'.',\' .. ,!• . . _::..);(•~ ~- ..• •·) l~ ~ THE WHITE HOUSE <;~ ""l WASHINGTON :1 I . I October 1, 1982 f M_ Ock \ . MEETING WITH INVEST IN AMERICA ,,, DATE October 5, 1982 LOCATION Oval Office TIME 4 4s p.m. FROM: Elizabeth H. Dole

I. PURPOSE

Presentation of the American Eagle Award to the President by the Invest in America National Council.

II. BACKGROUND

Invest in America is an educational foundation whose object is to encourage understanding of the· free market process among teachers and students. Their 29 year program of institutes given by businessmen and academics has reached over 8,000 teachers at all levels of school.

In 1969 the President recognised the contribution of the group to this· valuable work by proclaiming a California Invest in America week.

The annual award is made to leaders for their achievements in furthering competitive enterprise and freedom. Previous recipients include Vice President George Bush, President Ford and Hon. Alexander Haig.

III. PARTICIPANTS

Louis G. Milione - President, Invest in America. Dr. Michael Novak - Previous recipient who is to present award. Ni ·ne other previous recipients, Board members etc. will attend.*

IV. PRESS PLAN

White House Photographer.

v. SEQUENCE OF EVENTS :

4:15 p.m. Guests enter. 4:17 Brief words of presentation by Louis Milione. 4:20 President receives award· from Michael Novak and poses for photographs. 4:22 President makes brief words of acceptance. 4:25 -- Guests leave.

* See attached list. LIST OF PARTICIPANTS IN INVEST IN AMERICA AWARD CEREMONY ,.,

LARRY, SCALLON, :g:a~ MORRIS, Richard

NOVAK, Dr. Michael REDMOND, John c.

MJLIONE, Louis -G. McKENNA, Alexander \ . KAISER, \-{0,ert JOHNSON, -Wilson S.

WILSON, Robert

PAGAN, Rafiel D. SUGGESTED TALKING POINTS FOR INVEST IN AMERICA AWARD

CEREMONY

It is an honor to me to join the distinguished

list of recipients of this award.

Invest in America's 'teaching the teachers' project

is one of the success stories of our time. You are

doing an excellent job spreading understanding of

the virtues of the Free Market in our schools.

200 years ago the Founding Fathers chose the

Bald Eagle as our national symbol. Its representation

in this fine porcelain sculpture should act as an

inspiration to us all as we enjoy the free society

we have inherited from those who built our country. THE WHITE HOUSE ...... ••· ., . WASHINGTON ...... \ ~ ..

> . '. ·c .• : .·.•-~.

• • • 'f, ; .

" Enclosed are the amended lists of participants as per your telephone request. Note that the two changes in spellings of names were forwarded to me by the organisers of the meeting yesterday -afternoon.

Mark Loveday X 2657

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LIST OF PARTICIPANTS IN INVEST IN AMERICA AWARD CEREMONY ...

)( LARRY, Richard M. President, Sarah Scaise Foundation Inc.

SCALLON, Al N. Director of Corporate Support Programs, IBM

MORRIS, Richard · !. -Presiden~, Grace Foundation Inc.

NOVAK, Dr. Michael Author and Lecturer , . REDMOND, John c. Partner, Superior Alloy Metal Products Co. MILIONE, Louis G. President, Invest in America

MCKENNA, Alexander G. Chairman, Phillip M. McKenna Foundation Inc.

KAISER, Hubert Director, Kaiser Porcelain

JOHNSON, ·wilson s. President, National Federation of . Independent Businesses Inc. WILSON, Robert L. Vice President of Public Affairs, Pfizer Inc.

PAGAN, Rafiel D. President, Nestle Co-ordination Centre for . Nutrition Inc. WITHDRAWAL SHEET Ronald Reagan Library

Collection Name Withdrawer BLACKWELL, MORTON: FILES RB 3/21/2011 w

File Folder FOIA INVEST IN AMERICA AWARD, 10/05/1982 (1 OF 4) F06-0055/07 POTTER, CLAIRE Box Number

11 14

DOC Document Type No of Doc Date Restric- NO Document Description pages tions

1 FORM 1 10/4/1982 B6 RE. REQUEST FOR APPOINTMENTS

Freedom of Information Act - [5 U.S.C. 552(b)]

8-1 National security classified information [(b)(1) of the FOIA] 8-2 Release would disclose internal personnel rules and practices of an agency [(b)(2) of the FOIA] 8-3 Release would violate a Federal statute [(b)(3) of the FOIA] 8-4 Release would disclose trade secrets or confidential or financial information [(b)(4) of the FOIA] 8-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIA] 8-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA] 8-8 Release would disclose information concerning the regulation of financial institutions [(b)(8) of the FOIA] 8-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA]

C. Closed in accordance with restrictions contained in donor's deed of gift. ITHE WHITE HOUSE WASHINGTON 9-3-82

Elizabeth wants to know if she should~ ,r:>_resent at this award ~o t'ffl:I President or if one of her staff (you) can do it? Ma~tha would like to know on Tuesday, September 7 ~,()-)~~ ~,,3~ 1J tfl~ ~ ~K ~ ,tW• .. &,,, bt•~tJA!fjj ., .ti.1:1U 1..:nar/.Mar ~~=-====-==- Event File

SEP 2 9 198~ T HE WH ITE HO USE

WASHINGTON

MEMORANDUM 9/28/82

TO: ELIZABETH DOLE " FROM: WILLIAM K~ADLEIR REVISED SUBJ: APPROVED PRESIDENTIAL ACTIVITY

PLEASE IMPLEMENT THE FOLLOWING AND NOTIFY AND CLEAR ALL PARTICIPANTS. THE BRIEFING PAPER AND REMARKS SHOULD BE SUBMITTED TO RICHARD DARMAN BY 3 P.M. OF THE PRECEDING DAY. NOTE: AS PROJECT OFFICER FOR -THIS ACTIVITY, YOU ARE RESPONSIBLE TO SUBMIT A COMPLETE, CONFIRMED LIST OF STAFF AN'D ATTENDEES, IDENTIFIED BY TITLE, TO THE OFFICE OF PRESIDENTIAL APPOINTMENTS AND SCHEDULING WITHIN 5 DAYS AFTER THE EVENT.

MEETING .: Presentation of AmericanEagle Award by the Invest-in-America National Council

DATE: ,.. October 5, 1982 TIME: 4: 5 pm

DURATION: I LOCATION: Oval Office REMARKS REQUIRED: To be covered in briefing paper MEDIA COVERAGE: Coordinate with Press Office

FIRST LADY PARTICIPATION: No

cc: A. Bakshian E. Rollins M. Brandon c. Romero R. Darman J. Rosebush R. DeProspero B. Shaddix K. Duberstein w. Sittrnann D. Fischer L. Speakes c. Fuller WHCA Audio/Visual R. · Gubitosi WHCA Operations w. Henkel R. Williamson E. Hickey A. Wrobleski M. McManus J:J Vt:ll I.. I: .L .Lt:: Red Char Diana Horton B THE. WHITE HOUSE

WASHINGTON

MEMORANDUM. •

TO: ELIZABETH DOLE

FROM: WILLIAM K. SADLEIR~ ... SUBJ: APPROVED PRESIDENTIAL ACTIVIT

PLEASE IMPLEMENT 'THE FOLLOWING AN AND CLEAR ALL PARTICIPANTS. THE BRIEFING PAP RKS SHOULD BE SUBMITTED TO RICHARD DARMAN BY PRECEDING DAY. ' liOTE: AS THIS ACTIVITY, YOU AR RESPONSIBLE TO SUBMI A COMPLETE, CONFIRMED LIST OF STAFF AND ATTEND ES, IDENTIFIED BY TIT , TO THE OFFICE OF PRES DENTIAL APPOINTMENTS D SCHEDULING WITHI ~S AFTER THE EVEN • .

MEETING:

DATE:

TIME:

DURATION: LOCATION: 0 oval Office REMARKS ~: To be in briefing paper

MEDIA C ~; Coordin e with Press Office

FIRST~~ PA TK~TION: ~. 0

ccQ: c. Romero J. Rosebush I /) R. Darman B. Shaddix VJ R. DePro pero w. Sittmann K. Dube stein L. Speakes D. Fis her S. Studdert c. F ler WHCA Audio/Visual R. itosi WHCA Operations E. ickey R. Williamson McManus A. Wrobleski E. Rollins 1 '· .

MEMORANDUM

THE WHITE HOUSE

WASHINGTON ..

July 27, 1982 " r ~, Ar...,.._,...... l_JX-i.- o,'. //9/7/ }' L TO: Michael Deaver r,me. ~:,c1- FR: Bill Clark / ~- Length. ('""""', .,,~ , / o.te q1u/n.- fJR SUBJECT: American Eagle Award to the President t

Mike:

Recently Clare Boothe Luce attendeq a dinner at which the President was present. She mentioned the American Eagle Award and the President indicated to her that he would like to r eceive the eagle that the Invest-in~America National Council wishes to present to him.

Sorry, but the ball is- back in your court. - o~) oef •

The President The White House Washington, D. C. 20500

My Dear Mr. President:

Every year for 33 years the Invest-In-America National Counci.l has presented its American Eagle Award to individuals who have demonstrated their support of the free enterprise system and given intellectual lead ership to it philosophy. Certainly no American has ever represented better than you the ideals that have contributed to the greatness of this country or provided stronger leadership to this philosophy.

So it is my distinct honor and privilege, pS Chairman of Invest-In American National Council, Inc. Nominating Committee, to- inform you that you have been unanimously selected to receive this beautiful and presti~ gious award in this year which, on June 20, marks the 200th anniversary of the eagle as our National Symbol. For the oe-casion a specially sculptured porcelain eagle has been commissioned.

1t may interest you, Mr. President, to know that the American Eagle Award has been presented to a particularly distinguished group, many of whom you know well: among them Former President Ford, Vice President Bush, Secretary of State Haig, Former Treasury Secretary Simon.

· The Honorable Clare Boothe Luce Chairman, Nominat'ing Committee for the Invest-In-America Eagle Award for 1982 .. . American Bald Eagle Jlah'aeelus feucoce_phafus to commemorate the 200th Anniversary of the Bald Eagle as a symbol of the United States of America

Mti.. Ma1tk. Loveday Old Exec.u.ilv e On o-lc.e Bu.lld.lng Room 191 · The Whlte Hou.J.i e WMh-ln.gton, V. C. 20500 Vea1t Ma1tk. :

We a/Le pie.Med a.nd hono1r.e.d to c.ond.lltm the da.te 06 Oc;tobeJr.. 7th nolr. the pll.Uen.:ta.:Uon on OWL AmeM.c.an. Ea.gle MJ

In the pMt, U hcv., been OWL p1r.a.c.:Uc.e, to ha.ve the pll.ev,loeui a.wa1tdee ma.k.e the p,tu en.ta.ilo n on the Ea.gle to the c.Wl.lr.en:t c.a.ncUda..:te. HowevVL, bt thM c.M e we a1te mo.6t happy to pll.ov-lde P1r.e.6..Lden.t Reagan with the o ppo1r.t1H1,i. .:ty on .6e1.ec.:tlng :the pVL.6on whom he wou.i.d enjoy ha.ving p1r.e.6en.t him wLth hl6 AmeJr...lca.n f:a.gl.e AJ»Md. P.1r.ev-lou.J.i. 1r.e.c.u.p.ta.n.t.6 ha.ve been the HonOJt.a.bl.e C£.a1te Boothe Lu.c.e, V-lc.e P1r.u-lde.nt Geo1r.ge Beuih, the HonM.a.ble. W.lUla.m E.' S-unon, t•J,lU.,la,m F. Bu.e.Uey, Pa.ul ·F. 01r.eH-le.e a.nd J. Pe.:te1r. GMe.e, j'UJ.it to men.:tlon a. new. PJt.u-lden;t Rea.ga.n ma.y Jt.ec.omme.nd one 06 the above, Olr. nee£. nlr.ee to .&el.ea a. plr.U en:te1r.. 01r.om the e.nc.£.o.6 ed Ll6t o 6 '' The Ho noJt. Ro'-£. on Amvu.e.a.n Ea.gle AvXVtdeu" • Should tlti..6 allJl.a.ngemen:t be ,lne.onve.nlen.t, we w..l,et. be plecued to J.iel.ec;t a. p,i.uen:teJr.. nMt him. PVL yoWt 1r.equ.u,t, 1 am tncloJ.i..lng .&evelr.a.£. plec.u o0 WeM.tulr.e on 1nvu.t~,ln.. Amvuc.a., to be pMJ.ie.d on to P1r.u,lden.t Rea.ga.n 'J.i .6peec.h WldtVt.6. Th,v., ,lndu.du bc.i.Ue.t.hi6 on p,r.ev-ltiu.6 Ea.gle. koo.Jr...d p,te.6 enta.ilo nJ.i, etc.. The ba.c.k. c.ovVt on "The HonoJt. Roll on Amvuc.a.n Ea.gle Au.JMdeu" bJt.Oc.hu.Jt.e will pMv,lde the ba.c.kg1r.ou.nd .btnOJtma.ti.on on the Eagle U6e1.6.

The pJt.).maJty nu.nc..tlon on 1nvut-,ln-Amvuc.a. Na.ilona.£. Cou.ne,U, ,lJ., to pMv,lde ec.onom,C.c. WeJUJ..C.tj to the you.th 06 OW(. Na.ilon on .the WoJt.fu.ng On the Amvuc.a.n oJt.ee ma1tk.e.t. .6y..:Cem. Thh, .u, done v-la. t:.ea.c.heM a.nd ,lJ., c.onduc.:ted on the el.emen-ta/ty, .6ec. ondMy a.nd college l.evw. Ou.Jt. enc.£.o.6ed bMc.hu.Jt.e "A T-une noJt. Gltea..t.ne.&J.i" exempU-6,lu tfil6 po.int nOJt. you.

1 a.m ,ln the pJt.OC.e.6.6 on p,r.epa!Lln.g the lli.t. on. twelve people to attend tfbU c.Vtemony. 1 w.lU noJUAXtJtd thw namu, .6oual. J.iec.U4U:g nu.mbVL& a.nd da.te on b..uvth to

A NON-PROFIT ORGANIZATION FOR THE ADVANCEMENT OF ECONOMIC UNDERSTANDING Chartered in 1949 INVEST· IN· AMERICA -~~L COUNCIL. INC.

CHAIRMAN CHAIRMAN PRESIDENT CHAIRMAN William B. Renner EXECUTIVE COMMITTEE "Louis G. Millone ADVISORY BOARD Vice Chairman Edward F. Gibbons lnvesl:jn-Amertca RobertJ. Bucklay Aluminum Company of America Chairman ~etlon~ Council, Inc. Chairman & President Pittsburgh, PA F.W. Woolworth Co. -Philadilphla, PA Allegheny lntematlonal NewYork,NY Plttsburgh,PA

SECRETARY CHAIRMAN Frank A. BredY VICE-CHAIRMAN TREASURER DEVELOPMENT COMMITTEE Vice P1'881denl Edward F. Gibbons JamesJ. McEldrew, Eeq. Hon. Clare Boothe Luce NewYorkChamberofComm&IC8 Chairman McEldrew, Hanamlnlan, Member of President's Foreign and Industry F.W. Woolworth Co. Quinn and D'Amlco lntelllaence Board NewYork,NY NewYork,NY Philadelphia, PA Washlngton, DC

Alexander Biddle, Founcl■r 1893-11173 BOARDOFOOYERNORS

CARLOSJ. ARBOLEYA JOSEPH M. KATZ DONALDJ. MORFEE JOHN C. REDMOND, JR. President Chairman & President Chairman Partner Bamett Banko! Miami, N.A. Papercralt Corporation Morfee lntematlonal, Inc. Superior Alloys Metal Producta Co. Mlaml,FL Pittsburgh, PA Sarasota, FL Philadelphia, PA

FRANK A. BRADY DONALDJ. KIRSCHHOFF DR. AUSTINS. MURPHY WILLIAM B. RENNER Vice President President Chairman & President Vice Chairman Finance and Research Department Castle & Cooke, Inc. East River Savings Bank Aluminum Company of America New York Chamber of Commerce Honolulu, HA NewYork,NY Pittsburgh, PA and Industry NewYork,NY RICHARD M. LARRY THOMASJ. MURRIN RICHARDS. RIMANOCZV, ESQ. President President, Public Systems Co. Economist and Author ROBERT J. BUCKLEY Sarah ScaHe Foundation Westinghouse Electrlc Corporation NewYork,NY Chairman and President Pltlsburgh,PA Pittsburgh, PA Allegheny lntematlonal DR. GEORGE A. ROBERTS Pittsburgh, PA President RUDDICK C. LAWRENCE RAFAEL D. PAGAN, JR. Teledyne, Inc. President President Los Angeles, CA SAMUELS. CASEY, JR. Lawrence Aseoclatea Nestles Coordination Center for Nulrltion Executive Director NewYork,NY Washington, DC Merrill Lynch Private Capital MARY G. ROEBLING Chlcago,IL Chairperson HON. CLARE BOOTHE LUCE C.L. PATRICK National State Bank Member of President's Foreign Trenton,NJ JOSEPH COORS lntallklence Board Executive Director President Washlngton, DC Martin Theatres Adolph Coors Company Columbus, GA HON. RAYMOND P. SHAFER Golden.CO Partner & Senior Counsellor ROSEMARY MAZON Coopers and Lybrand Vice-President MARY PETERSON Washington, DC GORDON E.CROSBY,JR. Wheelabrator-Frye Washington Representative Chairman of the Board & CEO Washington, DC General Motors Corporadon Washington, DC H.ROBERTSHARBAUGH U.S. LIie Corporation Former Chairman, Sun Company NewYork,NY JAMESJ. McELDREW, ESQ. Radnor,PA McEldrew, Hanamlrlan, ALBERTS. PITTS, CFP KENNETH M. CROSBY Quinn and D'Amlco Prasldent REV. LEON H. SULLIVAN Private Consultant Philadelphia, PA Executive Design Investments Chairman & Founder Washington, DC Medle,PA Opportunities lnduitrlallzatlon LOUIS G. MILIONE Center GARY HORNBERGER Prasldent EDMUNDT. PRATT,JR. Philadelphia, PA Director Invest-In-America Chairman & CEO Hornberger Properties National Councll,lnc. Pfizer, Inc. ARTHUR R. TAYLOR Houston, TX Philadelphia, PA NewYork,NY NewYork,NY

ADVISORY BOARD

WILLIAM M. ALLEN RICHARD C. GREEN JOHN LATSHAW ELIOT H. SHARP Honorary Chairman President & General Manager Sr. Vice-President Publisher Emeritus The Boeing Company Missouri Public Service Company E.F. Hutton and Company, Inc. Investment Dealefs Digest Seattle.WA Kanaas City, MO Kansas City, MO NewYork,NY DR. RUSSELL H. BINTZER THOMAS BAILEY HAGEN Consultant President ERNEST J. LOEBECKE DR. ATHELSTAN F. SPILHAUS Sarasota, FL Erla Insurance Company Chairman, RET Special Aselstant to the Admlnlatrator Erle,PA TICOR Corporation Nadonal Oceanic & Atmospheric Admln. FLETCHER L. BYROM Los Angeles, CA Washington, DC Chairman JOHN D. HARPER Koppers Company, Inc. Chairman, Finance Committee WILLIAM F. MAY Pltlsburgh,PA Aluminum Company of America Dean W. CLEMENT STONE Plttsburgh,PA Graduate School of Bus.Admln, Chairman The Combined Insurance Co. of America HARRY L. DAL TON LENORE HERSHEY New York University Chairman, Executive Commmee NewYork,NY Chlcago,IL American Credit Corporation Editor Charlotte, NC Ladles Home Joumal NewYork,NY O.N.MILLER JAMES B. TITO President CHARLES E. DUCOMMUN CHINN HO Chairman, RET Chairman Standard 011 Company of CA Lab'obe Brewing Company President San Francisco, CA Latrobe,PA Ducommun, Inc. Capital Investment of Hawaii, Inc. Los Angeles, CA Honolulu, HA HENRY POOLE THOMASJ. WATSON,JR. NICOLAS GIORDANO ELIOT JANEWAY Vice-President and General Counsel Chairman of the Executive Commmee President President New York Stock Exchange lntematlonal Business Machines Corp. Philadelphia SIOck Exchange Janeway Publlshlng & Research Corp. NewYork,NY Armonk,NY Philadelphia, PA NewYork,NY JOHND.GRAY JAMES S. KEMPER, JR. WALTER M. RINGER ROBERTW. WOODRUFF Chairman Chairman Chairman Chairman, Finance Commmee Hart, Schaffner, and Marx Lumberman's Mutual Casualty Co. Foley Manufacturing Company The Coca-Cola Company Chlcago,IL Chlcago,IL Minneapolis, MN Atlanta,GA

ADVISORY COMMITTEE ON ECONOMIC EDUCATION CO-CHAIRMEN

Dr. Glen Beeson Dr. J. Claybum LaForce Dr. Manfred H. Ledford Dr. Reuben E. Slaslnger Director, Centerior Dean, Graduate School of Director, Centarlor Professor of Economics Economic Educadon Management Economic Education University of Pittsburgh Duquesne University U.C.L.A. University cl Miami Pittsburgh, PA Pm&burgh, PA Los Angeles, CA Mlaml,FL Wt. MMk. Lov e.da.y Old Exe.c.u.:tlve. Onnic.e. Bu..ll.cUng The. Wh-lte. Hou..6 e Se.ptembeJt. 27, 7982 Pa.ge. :two

,. you. v,la. ExpJte.M Mcu.1., wlth.ln. the n.e.x.t c.ou.pie. 06 da.y.6. 1 wlU. cu'..60 ta.k.e. c.a.Jte. 06 a.dv..U-lng OWL gu.u.u 06 the., aJrJUtn.geme.n.u 60Jr. a. me.wng pta.c.e., .:Ume., etc.. to e.n.a.ble. • them to a.:tte.n.d the. c.Vt.emon.y. Should you. ha.ve a.n.y qu.e-6.t..lon..6, pie.Me. do not hu,U:a;te. to c.on.ta.c.t me.. On. be.ha.lo 06 oWL P1t.uide.n.t, Lou.hi· G. MlU.on.e. a.n.d my.6e.l6, 1 r.mn.t to tha.n.k you. 601t. yoWL e6601t..u in. 1t.ega1td to thM ma.t:teJt..

INVEST-TN-AMERICA NATIONAL COUNCIL, INC • .., ..,!.,. -,} ~7 Ja.n.e.t H. Shoc.fz.le.y

En.c..6 • We Teach Teachers

0t 0

the Invest-In-America Program ·.'...

AWARI THE AMERICAl 195~

1982 "' Ronald W. Reagan President of the United States of America Robert J. Buckley Chairman, President, and Chief Executive Officer, Allegheny International, Inc. Honorable Harry F. Byrd, Jr. United States Senator (Virginia) Wilson S. Johnson President, National Federation of Independent Business

1981 Honorable George Bush Vice President of the United States of America Paul Miller Honorary Chairman Gannett Co., Inc. Paul F. Oreffice President and Chief Executive Officer Dow Chemical Company

1980 Donald J. Kirschhoff President and Chief Executive Officer Castle 8.. Cooke, Incorporated Honorable Clare Boothe Luce Author, Lecturer and Diplomat Honorable Alexander M. Haig Secretary of State Dr. Michael Novak Author, Lecturer, American Enterprise Institute

1979 Richard R. Shinn Chairman, Chief Executive Officer, Director, Metropolitan Life Insurance Co. Justin Dart Chairman, Dart and Kraft Incorporated Fletcher L. Byrom Jeff MacNelly Editorial Cartoonist, Richmond John Harper News Leader John E. Swearingen Chairman, Standard Oil Company (Indiana) Chinn Ho 1978 Dr. Arthurs. Burns Former Chairman, Board of Governors Federal Reserve System James J. Kilpatrick Thomas A. Murphy Chairman and Chief Executive Officer Philip M. McKenna General Motors Corporation Honorable William E. Simon Warren H. Phillips Chairman, Dow Jones and Company, Inc. 197 7 Honorable Gerald R. Ford Former President of the United States Honorable Olin E. 'Tiger" Teague of America 1977 Texas A 8..M University Center for Education 8.. Research in R. EmmettTyrell Free Enterprise J. Peter Grace 1976 His Majesty King Gustav XVI King of Sweden EES OF EAGLE AWARD "1982

Arthur R. Taylor President, Columbia Broadcasting System James Russell Financial Editor, Miami Herald Peter Peterson Former Secretary of Commerce Samuel Lefrak Chairman of the Board, Lafrak Organization Carlos Arboleya President, Fidelity Bank of Miami William F. Buckley Author, Lecturer Dr. J. Whitney Bunting President, Georgia College Walker L. Cisler Chairman, Detroit Edison Company Admiral Peter Conrad Astronaut Morris A. Cox President, William M . Volker Fund W. Leonard Evans Publisher, Tuesday Magazine Arthur Fletcher Former Secretary of Labor Zenon C.R. Hansen Chairman, Mack Trucks Incorporated Lewellyn A. Jennings Chairman, Riggs National Bank Charles Kellstadt Chairman, Sears, Roebuck and Company John Latshaw Executive Vice President, E.F. Hutton Company, Incorporated Dr. Richard Lyman President, Stanford University Elizabeth M. Manning Publisher, Finance Magazine Honorable Jerry L. Pettit Farmer Member House of Representatives lirman, Koppers Company, Inc. (California) 11er Chairman, Aluminum Company John Charles Redmond Chairman, Redmond, Transue and Williams America Colonel William F. Rockwell Founder, Rockwell International 1irman, Capital Investment Company Walter Schirmer Chairman, Clark Equipment Corporation Hawaii Dr. Leon H. Sullivan Founder, 0 IC of America, Inc. ~nalist, Co~mentator Dr. Herbert Stein Economic Advisor to the White House 11er President, Kennametal, Inc. Dr. Edward Procknow Chairman, First National Bank and Author ner Secretary of the United States Harlee Branch Chairman, Southern Company easury HonorableJ. Edgar Hoover Farmer Director of the Federal Bureau ner Member House of Representatives of Investigation exas) Alexander Biddle Lecturer, Author, Financier, Founder of ·or, American Spectator Invest-In-America National Council, Inc. lirman, Chief Executive Officer Paul A. Volcker Chairman, Board of Governors of the . R. Grace Company Federal Reserve System

•To Be Presented in the Fall of 1982 American Bald Eagle Jfa/iaeelus feucocephafus

to commemorate the 200t h Anniversary of the Bald Llgle as a symbol of the United States of America

TWO CENTURIES OF THE EAGLE He is the soldier of peace, brandishing arrows and olive branches, of the Great Seal of the United States. He is the expression of executive power, perched within the Presidential Seal. He personifies the strength of our will, the stability of our society. He is the American flag, taken wing. He is the American Bald Eagle, and l 982 is his 200th anniversary as our National Symbol. It is said that Beniamin Franklin favored the selection of the wild tur key, all color and grace, to represent our nation; that he disliked the eagle for its scavenger's image. But to the Continental Congress of l 782, the regal bearing and pierc ing gaze of the eagle, the King of Birds, better expressed the power and pride of the new union. It is only fitting that the nation destined to soar higher than any other should choose the bird which soars higher than any other. Historically, the Founding Fathers were not alone in their choice. For centuries, various breeds of the eagle have symbolized the might and unity of great nations. The Babylon of Belshazzar. The Rome of the Caesars. The European empires of Charlemagne. The France of Napoleon. All fought and flourished under the eagle. Still, our symbol is uniquely American; a breed known as Haliaeetus leucocephalus which inhabits the wilderness regions of the United States. In recent years, his ranks have dwindled to only 4,000 survivors. And, of that number only 708 are breeding pairs. He has been declared an endangered species and, under the Bald Eagle Protection Act of l 940, is now considered a ward ofthe State. In commemoration of his 200th year as the nation's symbol, Kaiser Porcelain of West Germany has created a special limited edition of 200 lifesize replicas of the American Bald Eagle. These majestic figures have been crafted by the world-renowned Ita lian sculptor, Giuseppe Tagliariol, better known as Bepi Tay. With exact ing detail Kaiser Porcelain has translated the genius of Bepi Tay into fine porcelain sculptures, each hand painted by skilled artisaus atthe Kaiser factory in Staffelstein, West Germany.

INVEST• IN. AMERICA NATIONAL OCOUNCIL, INC. ARCHIHCTS BUILDING / 117 SOUTH 17th STREET /SUIH906-907 t rHILAD[LrHIA, rA. 19103 / HUrHON[ 215-568-7311

AT ME FOR GREATNESS

INVEST-IN-AMERICA NATIONAL COUNCIL - "'

PROGRESS REPORT of the Invest-In-America Program

Invest-in-America National Council is a twenty-eight-year-old educational organization headquartered in Philadelphia; Pa. Its extensive economic education programs, nationwide in scope, are conducted with the full cooperation of local educational authorities and are totally supported by tax-deductible contributions from private citizens, foundations and business institutions. Under the program leadership of the National Council, Invest-In-America works with teachers, students, and education-oriented organizations to develop a broader and deeper understanding of the free market-oriented American economic system. The following pages have been prepared to acquaint the reader fully with the philosophy and method of implementation of the unique Invest-In-America program.

,.,

No people in history have ever felt as rich, as strong, as educated; and yet as confused as are the American people today. Never has a nation been in need of an economic road map that makes sense, and hard facts on which to make sound personal judgements. Americans are not ignorant; they are merely under-informed. Nobody's judgement can be any better than their information. Invest-In-America, Louis G. Milione with its outstanding leadership, exists to fill this information gap with simple, obvious, non-technical facts about the processes on which our economy developed and on which it can continue to grow ... the faith that makes America strong ... a firm Executive Vice-President belief in the efficacy of the market Invest-In-America National Council enterprise system.

Getting People Involved!

Invest-In-America programs are designed to "get everybody into the act". They do not give the audience the feeling that they are being "taught". Instead, there is a feeling of being involved in a mutual learning process. Our materials "tell it as it is" and show why the information has meaning and importance to the individuals involved. It also shows what the individuals can do about it. Above all, there is no preachment or sloganeering. American capitalism is presented as personal capitalism in which everybody plays a part.

*To help the teachers, the material is made flexible to fit into their various courses in the way, and at the time, they desire to introduce certain economic principles. Thus, the information is relevant to what is being discussed.

*To help students, the materials are presented in a way to show them that in most cases they "already knew that, but had never thought about it in that way". This is the best method to clear up misconceptions and create authentic attitudes that stand up under argument.

*To help students, who feel that the "action" is not for them, this part of the program is prepared in cooperation with such organizations at the Opportunities Industrialization Center, which specializes very successfully in the training of so-called "hard core unemployables". These young people have a frame of reference and a vocabulary all their own. Invest-In-America is fortunate to have the hearty cooperation of these groups.

*To help adult groups whether they be factory populations, college students, service clubs, or church groups, I nvest-1 n America presents personalized principles in terms of "my future", "my job", "my savings", "my insurance", "my retirement", "my investment program". By starting with their own problems, they get a better grasp of everybody's problems, which they can project into national problems.

The secret of getting people involved in the overall economic scene - and becoming better citizens - is to first enable them to identify themselves as small, but important parts of the whole. By understanding themselves, and their part in the free market economy, they come to understand how people can contribute to and share in stability and prosperity. Most people will not deliberately act in ways that injure their best interests - if they know what their best interests are. Nor will they encourage or condone injurious actions on the part of others. This type of thinking comes from what Invest-In America calls economic competence. The Goals Of Invest-In-America

To describe the role of the free individual in private 1 • capitalism and project this understanding to the overall economy.

To supply specially tailored, informal economic programs to 2 • teachers and students not only in grades 1 through 12; but also in college, and to adults who form potential seminar and study groups.

To describe economic processes in completely 3 • understandable, every day human relations, aspirations, and actions.

To tell the obvious truth, proven by logic and arithmetic, 4 • which permits the learner to form his own authentic conclusions.

To make our materials relevant to existing conditions and to 5 • situations with which the learner is completely familiar.

To supply skeletal instructional materials which imaginative 6 • teachers can "flesh out" with specific examples of their choices.

To build information pipe-lines between students and local 7 • industry, and between management and employees.

To prove to the students that the doors of economic 8 ■ opportunity are readily opened with simple skills, understanding, and motivation.

To act as a catalyst among different groups who are really 9 ■ seeking common goals but are unable to communicate.

To stimulate enthusiasm for the "piece of the action" that is 10. waiting for almost everybody willing to become economically literate.

Maintaining our economic and personal freedoms is a stewardship responsibility of all Americans. The strength and continuity of a free society requires a thorough understanding and support of its basic principles.

More than ever, I firmly believe each of us must take the lead in our own way in exposing the true facts about the American private enterprise system to people of all walks of life, but especially to young Americans who soon will become tomorrow's leaders. Only by doing so will we be able to counter some of the negative economic myths that persist and undermine our freedoms.

Because of my concerns about the degree of Paul F. Oreffice understanding and perception many Americans have about our economic system - a system that has provided more wealth and personal freedom and opportunity than any other in the world - I am dedicating my full support to the Invest-In-America National Council.

By operating within the present structures of Chairman of the Board America's educational systems, Invest-In America has demonstrated it can instill greater economic understanding through low-key, yet highly efficient and economical programs in the schools. I urge you to give the attached proposal serious consideration. I believe Invest- 1n-America programs are on the right track, and that, with your support we can achieve greater understanding of our economic system. Alexander Hamilton started the first Invest- 1n-America movement. He did so by waging a successful campaign to have the new govern ment pay all of its pre-constitutional debts.

The demand for repudiation was strong, and the moral obligation was considered weak. ,., But Hamilton gave it strength by demanding that the federal government "do justice to creditors and restore public credit," a policy he identified as "an obligation of national faith, honor, and reputation."

The" Alexander Hamilton Doctrine" paid prompt and big dividends. European investors (who had most of the world's capitat) were waiting to see what we would do and they liked what they saw - a good credit risk with enormous growth potential.

It is hard to believe, but, as reported in Louis Hacker's "Triumph of American Capitalism," by 1803 about half of the capital at work •n the William E. Simon

United States represented foreign investment. The importance of this migration of capital to the new world is impossible to exaggerate. Of the three prerequi~ites for prosperity, we had only two: natural resources and human energy. What we did not have was the tools to multiply the human energy, and tools come Vice-Chairman only from invested money.

But, thanks to wealthy profit-seeking Euro peans, we got our grub stake and we used the money as no money had ever been used before.

Our extra ingredient was freedom.

Today, for a very different reason, we face another investment shortage. This time the problem is not lack of money; it is lack of motivation.

Having looked closely at the bottom line as Secretary of the Treasury, I urge support for the Invest-In-America program. There is nothing new about the phrase "invest in America". It has been a part of our nation from the beginning. From the early explorers who saw the more economic route to the East - to the colonists who saw this new world as a place of risk and fortune - to the waves of immigrants, latter-day colonists who invested their lives in America, for that is all they r, had - "invest in America" meant hope in America. That hope exists even to this day; no matter how many currency crises, how many ba lance of payments deficits; it is to America that much of the world looks, not only for leadership but also as a place where a good portion of the world's wealth can be placed at reasonable risk in the hope of reasonable reward.

Somehow, however, in the process of creating the economic miracle which is part of America, the process of communications with those who benefit from the system - the people - broke down. Somewhere in the process of creating the world's highest standard of living, providing more people with a more decent life, a more Arthur R. Taylor hopeful life, than anywhere else at any time, suspicion of the competitive enterprise system grew. It is a small consolation that the distrust of our economic system mirrors the distrust our people feel for other institutions of our daily lives. For it has always been clear that our economic system could not be sustained unless an ever-increasing number of people felt not only a proprietary stake in the President system, but also that the stake itself was increasing. This is the challenge that faces our system today, as yesterday.

In the pages that follow, you will find an organization which, through discussion, debate, questioning and testing of assumptions, is at the job of bringing our young people the case for our competitive enterprise system. In doing this, the blemishes are not ignored, for they are part of the future, but neither are the theory, the practice and the accomplishments of the past. We who are part of Invest-In America believe this is onr of the places where the economic future of America will be determined.

The Great Chain Reaction 236 Institutes, 7631 Teachers,

"There is no substitute for eyeball to eyeball discussion"

Fletcher L. Byrom Chairman Koppers, Inc.

Secondary school teachers, Pittsburgh, Pennsylvania

"Here is one of the least expensive multiplier effects in action/" Dr. William H. Peterson, Wall Street Journal Of The Seventies 5,000,000 Students

It is a great pleasure for me to evaluate my " experience in the Summer Institute on the American Economy. The opportunity to hear so many leaders of industry in so short a time was something I had never suspected could be possible for a mere teacher.

Though my reading habits which occupy my time on the average of four hours a day have carried me into the economics area with increasing frequency, I still felt the need for more substantive direction and for newer structuring. This need was well fulfilled.

Anne Dalton Croghan Teacher - Cleveland, Ohio

Students of U.C.l.A., Los Angeles Elementary Schools Institute

"Truly Invest-In-America is an idea whose time has come." Where

1, CALIFORNIA STATE HAYWARD

2. CALIFORNIA STATE NORTH RIDGE

3. SAN FRANCISCO

4. U.C.L.A. LOS ANGELES

5. UNIVERSITY OF HAWAII HONOLULU

6. UNIVERSITY OF ARIZONA TUCSON

7. UNIVERSITY OF COLORADO BOULDER, COLORADO

8. ROCKFORD COLLEGE ROCKFORD, ILLINOIS

9. NORTHWESTERN UNIVERSITY EVANSTON, ILLINOIS 7

10. LAKE ERIE COLLEGE OHIO

11 . KENT STATE UNIVERSITY CLEVELAND WARREN YOUNGSTOWN CANTON ASHTABULA 6 SALEM

12. WESTERN KENTUCKY UNIVERSITY

13. MURRAY COLLEGE KENTUCKY 0 14. KENTUCKY STATE

15. KENTUCKY WESLEYAN COLLE GE

16. UNIVERSITY OF LOUISVILLE

17. TEXAS-SOUTHERN We Are

TEXAS A & M .18

UNIVERSITY OF MIAMI .19

GEORGIA COLLEGE .20 MILLEDGEVILLE, GEORGIA

MACON COLLEGE .21 GEORGIA

FORT VALLEY STATE .22 COLLEGE GEORGIA

DUKE UNIVERSITY .23 RALEIGH, NORTH CAROLINA

CAMPBELL COLLEGE .24 DURHAM, NORTH CAROLINA

UNIVERSITY OF VIRGINIA .25 NORFOLK HAMPTON INSTITUTE ARLINGTON CHARLOTTESVILLE ROANOKE 33 RICHMOND UNIVERSITY OF .26 PITTSBURGH

CALIFORNIA STATE .27 COLLEGE PENNSYLVANIA

VILLANOVA UNIVERSITY .28 PHILADELPHIA, PENNSYLVANIA

DOQUESNE UNIVERSITY .29 PENNSYLVANIA

FORDHAM UNIVERSITY .30 18 NEW YORK

NEW YORK UNIVERSITY .31

CENTRAL MICHIGAN UNIVERSITY .32

CENTRAL MISSOURI UNIVERSITY .33 WARRENSBURG, MISSOURI

LAMBUTH COLLEGE .34 JACKSON, TENNESSEE Curriculum Enrichment Project

Invest-In-America launched a The initial sessions 1 through 12 monumental prototype program of were devoted to lectures on basic primary and secondary-school economic conceptions; the curriculum enrichment in economics presentation of the abstract ideas in in Allentown, Pennsylvania. which the problems of modern society are expressed. Conducted with fu II and active cooperation of the Allentown School The balance of 13 weeks was devoted District, the project was developed by to the development of teaching units. Haig Babian, nationally known In the initial period subjects such as economist, editor, educator, author inflation, economic laws, the various and publisher. institutions involved, and the economic forces at work were all Sharing the responsibility in this touched upon. developmental work were Dr. Paul J. Fink, Superintendent of the In developing the teaching units the Allentown School District and William teachers were divided into four groups G. Gensler, supervisor of social studies for convenience and efficiency: of the District, which includes 20,000 kindergarten to three; grades four to children and over 800 teachers. six; grades seven to nine; and grades ten through twelve. Spending one full evening a week working with Mr. Babian were 34 The object is to create a sound volunteer teachers. teaching unit for each grade. Much of this constructive effort comes through In the past most courses of economic the feed-back of economic knowledge education for in-service teachers have that the teachers have absorbed and been of the workshop type running no now are relating to teaching situations more than three or four weeks. The in the grade areas with which they are Allentown operation was scaled to familiar. extend over 25 sessions of 2½ hours each. What A Third Grade Student Says•.. What Professors Say...

"My Directorship of the Institutes on the American Economy at the Kent State University has been the most rewarding teaching experience ,., I have had yet. Student response is tremendous from the classes of seventy teachers each. They were astonished that businessmen and professionals of such stature would come such great distances to share their thoughts with them. Invest-In America has a tremendous program."

Ralph Kaczor, Ph.D. Executive Director Dept. of Economics Kent State University

"I believe that teachers will talk about these programs for some time to come. I also believe that the Institutes will make a difference in their teaching this fall. The participants now share a positive, literate attitude toward economics."

Manfred H. Ledford, Ph.D. "Summer, 1977 is a milestone for Department of Finance I nvest-1 n-America. A record 230 summer University of Miami seminars from Fordham University in the east to California State at Hayward in the west have helped "The concern for education about the revitalize the thinking and appreciation American Economic System is an obvious of over 7500 school teachers toward necessity if our way of life is to the American business system. Now remain viable; the seminars sponsored this revitalization is being reflected by I nvest-1 n-America, working with in their instruction of literally today's teachers and tomorrow's millions of young people across our generation, are an effective land. Here is a multiplier effect manifestation of this concern." in action. Truly Invest-In-America is an idea whose time has come." James Clarke, Ph.D. Director Dr. Reuben E. Slesinger Institute on American Economy Chairman, Economic Advisory Board Villanova University I nvest-1 n-America What Business Leaders Say...

" "If there is a more important extra curricular work than Invest-In America, I don't know what it is."

J. Peter Grace President W. R. Grace Co.

"We know the program of Invest-In America National Council and we support it with men and money."

John D. Harper Chairman, Executive Committee ALCOA

"We started our business in the basement of our home. We need Invest-In-America to remind all Americans opportunity is still here!"

Joseph M. Katz Chairman and President Papercraft Corporation ... one of the most significant and encouraging developments in the educational world...

"We have been privileged at the University of Miami to co-sponsor these institutes in economic education, and it thrills me to participate in programs with an organization that is exuding boundless confidence and optimism about this country.

In some recent times, particularly with r.e.ference to the energy problem, we find a great deal of emphasis on conservation. If the sources of energy are finite, certainly the potential of conservation is finite. Do we cut back 25% and then another and another? Human ingenuity, in my opinion, and I believe it is the opinion of the Board of Invest-In-America, is going to push back the horizons and we're going to solve the energy problem as we've solved other problems in the history of this country when times looked bleak."

Dr. Henry K. Stanford President University of Miami

"The Institutes of I nvest-1 n-America rank in the premier class of the genre of economic education - indeed, its programs across the land represent an important and real investment in America's human capital. To give a fundamentally sound understanding of how an open market, private property economic system operates to an increasing proportion of our young people is the real aim; and Invest-In-America's efforts have made significant progress in providing basic knowledge and pedagogical techniques to thousands of educators, each of whom will deliver to their students the capacity to analyze critically and understand fully our economic system. May this valuable activity prosper."

James Clayburn LaForce, Ph.D. Dean of the Graduate School of Business Management and Chairman, Department of Economics U.C.L.A. California Texts and Career Education

Since the start of Invest-In-America educational activities, repeated expressions have been received from educators and school curriculum advisors that improved textbooks and other teaching materials are critically needed as a basic foundation for improved teaching of economics in the schools. Most students get their only exposure to economic questions in courses such as Problems of Democracy, Civics, American History, and the like. Teaching materials to be used in these courses are part of the consideration.

Supplementary materials such as "Teaching Economic Competence in the Elementary Schools", "Answers to Your Everyday Money Questions", and "Your Stake in Profits" are distributed to thousands of teachers every year.

iiiiiiiiiii".?.;ii~ =s. ~ ~ Career education finds renewed interest and excitement in many states, especially in Ohio where the efforts of industry have spearheaded . highly developed programs. Invest In-America sponsors Institutes in economic education with emphasis being placed on elementary grades, and on reaching teachers of Northern and Central Ohio.

Louis G. Milione, Executive Vice-President, Invest-In-America; Louis S. Cizek, Director of Career Education, State of Ohio; Theodore Loeffler, President, Campus Studies Institute; James A. Bailey, Director, Corporate Contributions, A-T-O Corporation. American Eagle Awards -1978

DR. ARTHUR F. BURNS THOMAS A. MURPHY WARREN H. PHILLIPS Former Chairman Chairman of the Board of Directors Chairman of the Board, President Federal Reserve Bank of America Chief Executive Officer and Chief Executive Officer General Motors Dow Jones & Company, Inc.

AMERICAN EAGLE AWARD PRESENTATIONS- MAY 10, 1978 - SENATE CAUCUS ROOM

"This Caucus Room is haunted by so many historic unhappy headlines about what's wrong with America, from the Teapot Dome investigations through Pearl Harbor and Watergate, but today we focus on what is right with America, why America is still the world's best investment. Incidentally, it was another educator, now Ambassador Kingman Brewster, former President of Yale, who best summed up the other day, what our guest of honor did during the Bicentennial '{ear to restore a sense of true values in Ameri_ca .

It is the business of Invest-In-America to teach teachers the true values of our Market Enterprise System, and in that task the master teacher has been the President of the University of Miami. In t~e state dedicated to the healthy pursuit of happiness, he has inspired the pursuit of excellence in students and faculty alike, in one of our most effective institutes anywhere in this country ... "

John Reagen "Tex" Mccrary Chairman, Texcomm, New York Remarks made at the 1977 Awards Luncheon (see opposite page) The American Eagle Awards are presented each year to leaders in industry, communications, public service and the arts for their achievements furthering competitive enterprise and freedom.

Former President Gerald R. Ford was the recipient of the 1977 American Eagle Award.

Standing at the head table during the 1977 Invest-In-America American Eagle Awards Luncheo~, from left to right, were: Morris A. Cox, Minister of France - M. Pierre Boyer (France), Zenon C. R. Hansen, Ambassador Will Van Cauwenberg (Belgium), Rev. Billy Graham, Ambassador Peter Ramsbotham (Great Britain), Arthur R. Taylor, Ambassador Simcha Dinitz (Israel), Arthur F. Burns, Robert J. Buckley, Gerald R. Ford, Henry King Stanford, Ambassador Guillermo Sevilla-Sacasa (Nicaragua), Hon. John C. Danforth, Ambassador Ardeshir Zahedi (Iran), Louis G. Milione, Ambassador Berndt Von Staden (Fed. Rep. Germany), Paul F. Oreffice, Ambassador Roberto Gaja (Italy), Theodore R. Hagans, Jr., Ambassador Fumihiko Togo (Japan), John C. Redmond, Jr., Ambassador Juan Jose Rovira (Spain), and Rev. Harry J. Sievers. ECONOMIC EDUCATION 62%

INSTITUTES SEMINARS LECTURES PUBLIC Q INFORMATION 8 ¾,

NATIONAL HEADQUARTERS 16%

Invest-In-America National Council, Inc.

Expenditures Distribution 1978

$507,500 People, Money and Ideas

AIR PRODUCTS & CHEMICALS DELAWARE FUND ALLEGHENY LUDLUM IND. INC. DELTA AIRLINES ALLIS CHALMERS CORPORATION DETROIT EDISON COMPANY ALUMINUM CO. OF AMERICA DISCOUNT CORPORATION OF N.Y. AMAX FOUNDATION DONALDSON FOUNDATION AMERICAN CREDIT CORPORATION DOW CHEMICAL COMPANY, U.S.A. ,, AMERICAN STANDARD, INC. DRESSER INDUSTRIES, INC. AMERICAN STORES COMPANY DUQUESNE UNIVERSITY AMOCO FOUNDATION, INC. EAST RIVER SAVINGS BANK AMSTED INDUSTRIES, INC. EATON CORPORATION ARCHER-DANIELS-MIDLAND CO. EATON YALE & TOWNE, INC. ARMCO STEEL CORPORATION EL PASO COMPANY ASARCO, INC. ELKINS, STROUD, SUPLEE & CO. ASHLAND OIL, INC. EQUIBANK N.A. A-T-0, INC. ERIE INSURANCE GROUP N. W. AYER & SON, INC. ESB INCORPORATED BAKER EQUIPMENT ENG. CO. EXXON CORPORATION BAKER, WEEKS & CO., INC. FEDERAL MOGUL BANKERS TRUST COMPANY FIDELITY BANK BASSET STEEL & TUBE CO. FIRESTONE TIRE & RUBBER CO. BECK ENGRAVING CO., INC. FIRST BOSTON FON. TRUST BELL TELEPHONE CO. OF PA. FLAGLER BANK BERWIND CORPORATION FLORIDA SOUTHERN CORPORATION BETHLEHEM STEEL CORPORATION FMC CORPORATION FON. BLUE BELL, INC. FORD MOTOR COMPANY BURROUGHS CORPORATION G. & 0. MFG. COMPANY BUTCHER & SINGER F. E. GANNETT NEWSPAPER FON. CAMPBELL SOUP COMPANY GENERAL ACCEPTANCE CORPORATION CAPITAL INVESTMENTS OF HAWAII GENERAL ACCIDENT FIRE & LIFE CARBORUNDUM COMPANY GENERAL ELECTRIC COMPANY CARRIER CORPORATION, FON. GENERAL MOTORS CORPORATION CBS, INC. GENERAL REFRACTORIES COMPANY CELANESE CORPORATION GENERAL SIGNAL CORPORATION CHICAGO CORPORATION GENERAL TELEPHONE & ELECTRONICS CHRYSLER CORPORATION GENERAL TIRE& RUBBER COMPANY CLARK EQUIPMENT COMPANY GERMANTOWN SAVINGS BANK CLARK OIL & REFINING CORP. GLENMEDETRUSTCOMPANY CLASTER CORPORATION B. F, GOODRICH COMPANY COLUMBIA GAS OF OHIO, INC. GOODYEAR TIRE & RUBBER COMPANY COLUMBUS TRUCK & EQUIPMENT CO. W.R. GRACE FOUNDATION CONTINENTAL BANK FOUNDATION GRAY & ROGERS, INC. CONTINENTAL BANK & TRUST GREEN GIANT COMPANY CONTINENTAL CAN CO., INC. GULF OIL CORPORATION FON. CONTINENTAL OIL COMPANY H.J. HEINZ COMPANY COOK INDUSTRIES HEYL & PATTERSON, INC. CROWN-ZELLERBACH FON. HOUDAILLE INDUSTRIES, INC. CRUCIBLE STEEL CAST! NGS CO. HOWMET CORPORATION CUMMINS ENGINE CO., INC. THE HUNT FOUNDATION CYCLOPS CORPORATION E. F. HUTTON FOUNDATION CYPRUS MINES CORPORATION IBM CORPORATION DANA CORPORATION IC INDUSTRIES, INC. DART INDUSTRIES, INC. ISi TRUST FUND DAYTON WALTHEA CORPORATION IU INTERNATIONAL, INC. INGERSOLL-RAND, COMPANY PITTSBURGH NATIONAL CORP. FDN. INSURANCE CO. OF N. AMERICA POTLATCH CORPORATION INTER LAKE, INC. POTOMAC ELECTRIC POWER COMPANY INVESTMENT DEALERS DIGEST PROVIDENT MUTUAL LIFE INSURANCE JANNEY MONTGOMERY SCOTT PUBLIC SERVICE OF INDIANA JOY MFG., INC. PULLMAN INCORPORATED KENNECOTT COPPER CORPORATION PUTNAM MANAGEMENT COMPANY KOPPERS COMPANY, INC. RALSTON PURINA COMPANY KRAFTINC, CORPORATION JOHN CHARLES & KATHERYN S. REDMOND FDN. LTV CORPORATION REYNOLDS METAL COMPANY LATROBE BREWING COMPANY H. H. ROBERTSON COMPANY LEVINSON STEEL COMPANY ROCKWELL INTERNATIONAL CORP. LITTON INDUSTRIES, INC. ROHM & HAAS COMPANY LORD, ABBETT BOND-DEBENTURE SCAIFE FAMILY CHARITIES PHILLIP M. MCKENNA FDN. SCOTT PAPER COMPANY MCNEIL LABORATORIES, INC. SCOVILL MFG. COMPANY MACK TRUCKS, INC. SERES SHIPPING, INC. MARATHON OIL FOUNDATION, INC. SHE LLER-GLOBE CORPORATION MEAD CORPORATION THE SINGER COMPANY MELLON BANK, N.A. SMITH BARNEY & COMPANY, INC. MERRILL LYNCH, PIERCE, FENNER & SMITH SMITHKLINE CORPORATION MICHIGAN NATIONAL BANK SOUTHERN CALIFORNIA EDISON CO. MINE SAFETY APPLIANCES COMPANY SQUARED FOUNDATION MOHASCO CORPORATION STANDARD STEEL MONSANTO FUND STAUFFER CHEMICAL COMPANY MONTAG AND CALDWELL STEWART-WARNER CORPORATION MONTGOMERY WARD & CO., INC. W. CLEMENT & JESSIE V. STONE FDN. MOUNTAIN FUEL SUPPLY CO. SUN OIL COMPANY NATIONAL FEDERATON OF INDEP. BUSINESSES SUPERVALU STORES, INC. NATIONAL GEOGRAPHIC THE Tl CORPORATION NATIONAL GYPSUM COMPANY TELEDYNE, INC. N. L. INDUSTRIES, INC. FOUNDATION TENNESSEE VALLEY BANCORP NATIONAL STATE BANK TEXAS GAS TRANSMISSION NATIONAL STEEL CORPORATION TEXAS UTILITIES NORRIS INDUSTRIES TEXTRON, INC. NORTH AMERICAN PHILLIPS UARCO, INC. JOHN MERRILL OLIN TRUST UOP FOUNDATION OSCAR MAYER FND., INC. UNION CAMP CORPORATION PPG INDUSTRIES, INC. UNION CARBIDE CORPORATION PACCAR, INC. UNION OIL OF CALIFORNIA, FDN . PANAX CORPORATION U.S. LIFE CORPORATION PENN MUTUAL LI FE INSURANCE CO. U.S. STEEL CORPORATION PA POWER & LIGHT COMPANY UNITED TECHNOLOGIES CORPORATION PEOPLES NATURAL GAS COMPANY WILLIAM VOLKER FUND PEPPER, HAMIL TON & SCHEETZ VULCAN, INC. PBW STOCK EXCHANGE THE WARNER & SWASEY COMPANY PHILADELPHIA ELECTRIC COMPANY WAWA DAIRY FARMS PHILADELPHIA NATIONAL BANK RAYMOND JOHN WEAN FDN. PHILADELPHIA SAVINGS FUND SOCIETY WESTINGHOUSE ELECTRIC CORPORATION PITTSBURGH CORNING CORPORATION WHEELING-PITTSBURGH STEEL PITTSBURGH DES MOINES STEEL CO. WHISTLE & VESS BEVERAGES PITTSBURGH FORGINGS COMPANY WHITTAKER CORPORATION OLIVER G. WILLITS TRUST Those Who Direct The Nationa'I Council

CHAIRMAN SECRETARY CHAIRMAN EMERITUS Paul F. Orefflce Frank A . Brady Zenon C. R. Hansen President Director of Government Chairman, Retired Dow Chemical, U.S.A. Finance and Re■ earch Director Mack Trucks, Inc. Mldland, Ml New York Chamber of Commerce Allentown, PA New York, NV VICE-CHAIRMAN CHAIRMAN William E. Simon TREASURER EXECUTI VE COMMITTEE President James J. McEldrew, Esq. Paul F. Orefflce "" John M. Olln Charitable Trust McEldrew, Hanamlrlan, President New York, NV Quinn and D'Amico Dow Chemical, U.S.A. Philadelphia, P.A. Midland, Ml PRESIDENT Arthur R. Taylor COUNSEL CHAIRMAN New York, NV John B. Huffaker, Esq. DEVELOPMENT COMMITTEE Pepper, Hamilton & Scheetz Samuel B. Casey, Jr. EXECUTIVE Philadelphia, PA President VICE-PRESIDENT Pullman, Inc. Louis G, Mllione Chicago, IL I nvest-1 n-Amerlca National Council CHAIRMAN Philadelphia, PA ADVISORY BOARD Robert J. Buckley Chairman, President Alexander Biddle, Founder and Chief Executive Officer 1893 · 1973 Allegheny Ludlum Industries Pi ttsburgh, PA

BOARD OF GOVERNORS

CARLOS J . ARBOLEYA RUDDICK C. LAWRENCE EDMUND T . PRATT, JR. President President Chairman, CEO Barnett Bank of Miami Lawrence Assoc. Pfizer, Inc. Miami, FL Stamford, CT New York, NV

FRANK A . BRADY JOHN P. McGOFF JOHN C. REDMOND, JR. Director of Government President Partner F lnance and Research Director PANAX Corporation Super ior Alloys Metal Products Co. New York Chamber of Commerce East Lansing, Ml Philadelphia, PA and Ind us try New York , NV JAMES J. McELDREW, ESQ. RICHARDS. RIMANCOZV, ESQ. McEldrew, Hanamirian, Quinn Economist and Author ROBERTJ. BUCKLEY and D'Am,co New York, NV Chairman & President Philadelphia, PA Allegheny Ludlum Industries DR. GEORGE A. ROBERTS Pittsburgh, PA DR. STANLEY V . MALCUIT President & Director Chief Economist Teledyne, Inc. DR. J. WHITNEY BUNTING Aluminum Co. of America Los Angeles, CA President Pittsburgh, PA MARV G . ROEBLING Georgia College Chairman Milledgeville, GA LOUIS G. MILIONE National State Bank Executive Vice-President Trenton, NJ SAMUEL B. CASEY, JR . Invest-In-America President National Council, Inc. HON. RAYMOND PHILIP SHAFER Pullman, Inc. Philadelphia, PA Coopers and Lybrand Chicago, IL Washington, D .C. DR. AUSTINS. MURPHY JOSEPH COORS Chairman & President WILLIAM E . SIMON Executive V ice-President East River Savings Bank President Adolph Coors Co. New York, NV John M . Olin Charitable Trust Golden, CO New York, NY GORDON E . CROSBY PAUL F . OREFFICE DR. HENRY KING STANFORD Chairman & President President President U.S. Life Corporat ion Dow Chemical, U.S.A . UniversitY of Miami New York, NV Midland, Ml Miami, FL

KENNETH M , CROSBY MARV PETERSON REV . LEON H. SULLIVAN V ica-P resident Washington Representative Chairman & Founder Merrill Lynch, Pierce, Fenner & ·Smith General Motors Corporation Opportunities Industrialization Center Washington, DC Washington, DC Ph iladelphia, PA ARTHUR R. TAYLOR ZENON C . R . HANSEN DR. WILLIAM H. PETERSON Chairman, Retired Lundy Professor of Business New York, NV Mack Trucks, Inc. Campbell College Allentown, PA GEORGES. WALLACE, JR. Buies Craek , NC Economist JOHN B. HUFFAKER, ESO. Pennsylvania Power & Light Co. Pepper, Hamilton & Scheetz ALBE RT S. PITTS, CFP Allentown, PA Executive Design Investments Philadelphia, PA Media, PA DONALD E. YOUNG RICHARD M . LARRY Sr. V ice-President Burroughs Corporation Administrative Agent FREDERIC A. POTTS Detroit, Ml Scaife Family Charitable Trust Director, Philadelphia Pittsburgh, PA National Bank, Retired Tucson, AZ ADVISORY BOARD

WILLIAM M. ALLEN JOHN D. HARPER 0. N, MILLER Chairman Emeritus Chairman Finance Committee Chairman, Retired The Boeing Company Aluminum Co. of America Standard Oil Co. of CA Seattle, WA Pittsburgh, PA San Francisco, CA

WALTER K. BAILEY LENORE HERSHEY HENRY POOLE Director Editor Vice President & Legal Counselor The Warner & Swasey Company Ladles Home Journal New York Stock Exchange Cleveland, OH New York, NY New York, NY CHINN HO FLETCHER L. BYROM WARD L. QUALL President WGN Conti nental Br oadcasti ng Co. Chairman Capital Investment of Hawaii, Inc. Chicago, IL Koppers Company, Inc. Honolulu, HI Pittsburgh, PA GARY HORNBERGER WALTER M . RINGER BENJAMIN CARTER Director Chairman Chairman, Retired Hornberger Properties Foley Manufactur ing Company FMC Corporation Houston, TX Minneapolis, MN San Jose, CA ELIOT JANEWAY ELIOT H . SHARP HARRY L, DAL TON President Publisher Emeritus Chairman, Executive Committee Janeway Publishi ng & Research Corp. Investment Dealer's Digest American Credit Corporation New York, NY New York, NY Charlotte, NC JOSEPH M. KATZ CHARLES E . SPAHR Chairman & President JOSEPH B. DANZANSKY Chairman Papercraft Corporation President The Standard Oil Company of Ohio Pittsburgh, PA Giant Good Inc. Cleveland, OH Washington, DC JAMES S. KEMPER, JR. President DR. ATHELSTAN F . SPILHAUS CHARLES E. DUCOMMUN Kemper Insurance Co. Special Assistant to the Administrator Chairman Long Grove, IL National Oceanic & Atmospheric Admin. Ducommun, inc. Washington, DC Los Angeles, CA DR. J. CLAYBURN LaFORCE Dean, Business Management Dept. W. CLEMENT STONE W. LEONARD EVANS, JR. U.C.L.A. Chairman Publisher Los Angeles, CA The Combined Insurance Co. of America Tuesday Publications Chicago, IL Chicago, IL JOHN LATSHAW Sr. V ice-President JAMES B. TITO E. H. FITZ E. F . Hutton & Co., Inc. President Director Kansas City, MO Latrobe Brewing Company First National Bank of Nevada Latrobe, PA STEPHEN LAWRENCE Reno, NV Vice-President THOMAS J, WATSON, JR. Insurance Company North America Director NICHOLAS GIORDANO Philadelphia, PA Vice-President International Business Machines Corp. Operations & Finance ERNEST LOEBBECKE Armonk, NY PBW Stock Exchange Chairman Philadelphia, PA Title Insurance & Trust Co. JAMES W. WILCOCK Los Angeles, CA Chairman JOHN D. GRAY Joy Manufacturing Company Chairman GEORGE H, LOVE Pittsburgh, PA Hart Schaffner & Marx Chairman, Retired Chicago, IL Consolldatlon Coal Company ROBERT W. WOODRUFF Pittsburgh, PA Chairman, Finance Committee RICHARD C, GREEN The Coca-Cole Company Chairman & President JOHN R. TEX McCRARY Atlante, GA Missouri Public Service Co. Chairman Kansas City, MO Texcomm, Inc. New York, NY THOMAS BAILEY HAGEN WILLIAM F. MAY Executive Vice President Chairman Erie Insurance Group American Cen Company Erie, PA Greenwich, CT

ADVISORY COMMITTEE ON ECONOMIC EDUCATION CO-CHAIRMEN

Dr. J, Clayburn LeForce Dr. Manfred H , Ledford Dr. Reuben E. Slesinger Dean, Business Management Dept, Director, Center for Economic Education Associate Dean U.C.L.A. University of Miami University of Pittsburgh Los Angeles, CA Miami, FL Pittsburgh, PA

Dr. Arie Y. Lewin Dr. Glen Beeson Dr. John Allen Professor Director, Center for Economic Education Di rector, Center for Economic Research Graduate School of Business Duquesne University and Study Free E nterprlse Duke University Pittsburgh, PA Texas A and M

,.,

"Let me say at the outset, I have always believed in I nvest-1 n-America National Council and the principles for which this organization stands. I congratulate those who initiated it, those who are supporting it, and those who will in the future continue to make certain and positive that the principles are carried out, taught, and practiced, in this great country."

Former President Gerald R. Ford

INVEST-IN-AMERICA NATIONAL COUNCIL, INC. A NON-PROFIT ORGANIZATION FOR THE ADVANCEMENT OF ECONOMIC UNDERSTANDING •CHARTERED IN PENNSYLVANIA IN 1949 ARCHITECTS BUILDING, SUITE 906-7, 17TH & SANSOM STREETS, PHILADELPHIA, PENNSYLVANIA 19103